The impact will be g上海后花园trollable. In 2018, the

 dependence of China’s growth on exports was only 18.24 percent, and the impact of exports on China’s economic growth is graduall

上海后花园y decreasing. Since the beginning of this year, despite the slowdown in world economic growth and international trade, China’s economy has st

arted well, and the main economic indicators have remained within a reasonable range. China is optimizing its economic structure, changing its dev

elopment mode, and improving its quality and efficiency. The Chinese economy is well poised to maintain the healthy trend of stable growth.上海后花园

• What is China’s position and attitude toward Sino-US economic and trade friction?

Since some people in the US provoked the Sino-US economic and trade friction, the two sides have increasingly taken divergent approaches to this issue. That is, s上海后花园

hould it be taken as a zero-sum game or based on mutual benefit, being addressed through confrontation or cooperation? Should the countries stay enc

losed or open up, maintaining a monopolistic or competitive market? Should the countries stick to unilateralism or multilateralism? All these differences are underpinned by the ulti上海后花园女神会所

mate question of whether the world is governed by the old way of hegemonism, or a new approach by building a community with a shared future for m

上海后花园女神会所ankind. China’s position and attitude toward these major fundamental issues is clear, firm and consistent.

Faced with the economic and trade friction provoked and escalated by some people in the US, China does not want a trade war. However, the country is not afra

id of a trade war and will fight one if necessary. Proceeding from safeguarding the common interests of the two countries and the world trade order, Chin上海后花园女神会所

a has responded to the concerns raised by the US with great sincerity. China overcame various difficulties, proposed practical solutions, and conducted 11 rounds of high-level ec

onomic and trade consultations with the US, which demonstrated China’s sincere desire of not fighting a trade war. How

ever, the US has continuously challenged China’s bottom line and overstepped the red line of norms governing international relations, att上海后花园女神会所

empting to sacrifice China’s rights to development and even damaging China’s sovereignty and dignity.

No matter how the situation develops, China runs its own affairs well. The fundamental way to deal with ec

onomic and trade friction is to develop itself through reform and opening-up, which China will continue to deepen.

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SAR government in上海夜网女神会所Kong in accordanc

ance with the law上海夜网女神会所 and uphold the SAR’s prosperity and stability with people from all sectors.

Since the return of Hong Kong, the policy of “one country, two systems” and Hong Kong people governi

ng Hong Kong with a high degree of autonomy has been faithfully implemented, and the rights a

nd freedoms of Hong Kong residents have been fully guaranteed according to law, Geng said.

Maintaining Hong Kong’s prosperity and stability serves not only China’s

interests, but also the interests of all countries across the world, he said.

“I would like to emphasize that Hong Kong is China’s SAR and its affairs ar

e purely China’s internal affairs that brook no interference from any country, organi

zation or individual,” Geng said, adding China’s determination to safeguard its sovereignty, security and

development interests, and uphold Hong Kong’s prosperity and stability is rock solid.

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The strategic guiding role of national development plannin

ng should be leveraged to improve coordination mechanisms

for economic policies such as finance, currency, employment, industry, and regional develop

ment to ensure the nation’s economic development stays within a reasonable range, the statement said.

The meeting highlighted the importance of strengthening innovative cap

abilities as well as opening-up and cooperation in this regard, and called for improving the serv

ices and environment for opening-up and cooperation so that development is promoted through opening-up, inn

ovation is advanced through reforms and win-win results are achieved through cooperation, it said.

Tough and newly emerging problems should be resolved through deepening reforms, the state

ment said, adding that the capability of dealing with challenges and preventing risks should be intensified.

www.guapogang.cn

The IMF research, citing official data, found that the

 revenue collected by the US government through hefty tariffs on Chinese imports, has been paid almost entirely by US importers.

“Some of these tariffs have been passed on to US consumers, such as those on washing machines, wh

ile others have been absorbed by importing firms through lower profit margins,” the research said.

Any further increase in tariffs will likely be passed through to consumers, it said.

China and the US, the world’s two largest economies, have been embroi

led in a tit-for-tat trade confrontation over the past few months. Washington threatened to fur

ther escalate a tariff war and increased tensions by tightening restrictions on Chinese companies.

Earlier this month, the US raised tariffs on $200 billion of Chinese imports from 10 percent to 25 percent, and China took coun

termeasures. Then the US administration listed about $300 billion more of Chinese goods for possible tariff hikes.

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Li’s restaurant isn’t the only one to feature “isolated dining” Eater

ries boasting the concept, which originated in Japan, have sprung up in many cities includi

ng Shanghai, Xi’an, capital of Shaanxi province, and Shenzhen and Guangzhou, both in Guangdong province.

Kong Yanling is a big fan of singles-friendly restaurants. The 25-year-old unattached Xi’an res

ident remembers passing a Korean-style chicken restaurant a few years ago and deciding to drop in.

However, the waitress at the door told her the restaurant only served large, shared platters. Kong took the hint and left.

She has also found herself dining with strangers involuntarily when waiters have asked if she minded other people sharing her table.

“I don’t mind eating alone, but sometimes things like that really bugged me. I am ve

ry happy to see more singles-friendly restaurants appearing so there is more choice when eating out,” she said.

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Some companies find niche markets in the industry by

producing specialized bicycles for health, sports and slow urban lifestyles.

Century-old bike-maker Shanghai Phoenix Enterprise (Group) Co Ltd and Tianjin Flying Pigeon Cycle Development Co are

transforming to produce sports and leisure bicycles based on the fast growth for these types of products.

The output of such bicycles priced above 1,000 yuan saw an 18.5 percent year-on-year increase to 8.43 millio

last year, up 10.5 percentage points over the previous year and accounting for about 11.5 percent of the total.

Other companies including Bike8, Onelap and Incolor continue to manufact

ure innovative bicycles by improving the intelligent and network connecting levels of their products

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They cited a report in February from Trade Partnership World

wide as saying that increasing tariffs on $200 billion of goods to 25 percent, coupled with tariffs already in place — as well as expect

ed Chinese retaliation — would reduce US employment by more than 934,000 jobs and push down the US GDP by 0.37 percent.

According to data from the General Administration of Customs, two-way trade between China and

the US declined 11.2 percent year-on-year to 1.1 trillion yuan ($162.5 billion) in the period from January to April.

The fact that Beijing is still sending a delegation to the US for the trade talks is “very wise on China’s part”, said Gary Hufb

auer, a senior fellow and trade expert at the Peterson Institute for International Economics in Washington.

Douglas H. Paal, vice-president of the Asia Program at the Carnegie Endowment for Internat

ional Peace, said it “makes sense to continue the talks because the alternative would be a drastic signal to markets”.

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hina, International Pavilion big expo drawsing distr

As landmarks of the International Horticultural Exhibition 2019 Beijing China, the China Pavilion and the Inter

national Pavilion are attracting large numbers of visitors thanks to their unique designs and functions.

Covering an area of 5 square kilometers, the expo is being held in the capital’s Yanqing district.

Following the ancient wisdom of the Chinese people, the China Pavilion takes the shape of a green b

uilding that can “breathe” and has “life”, as described on the exhibition’s official website.

Core portions of the pavilion are composed of terraced fields. Fun

ctions of both irrigation and insulation are at play, and th

e fields help reduce energy consumption of the building while also offering heating or cooling functions.

www.ixhhw.cn

Noting that China has the world’s biggest middle-incom

income population, Xi said that China would open up its market continuously and welcome quality products from around the world.

China does not pursue a trade surplus intentionally, and it would like to import more com

petitive farm products, finished products and services to promote the balance of trade, Xi said.

China will promote greater openness in modern services, manufacturin

g and agriculture, allow foreign capital to hold the controlling share in more areas and buil

d some new free trade pilot zones to further ease market access for foreign capital, he said.

China will speed up making relevant rules and regulat

ions and ensure the implementation of the Foreign Investment Law, Xi said, adding that the cou

ntry will push forward supply-side structural reform through fair competition and international cooperation.

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Fiscal spending can directly influence fixed-asset inves

tment, and it could also leverage on more bank lending and attract private funds to increase investment, said Xu.

In the meantime, allowing retail access to local government bonds will help diversify the

investor base and increase market liquidity, said Amanda Du, an analyst at Moody’s Investors Service.

The analyst expected access for retail investors to widen to encompass all local government bonds in 2020.

hina’s economy grew at a faster-than-expected 6.4 percent year-on-year in the first qua

rter, according to data released by the National Bureau of Statistics on Wednesday.

The growth was unchanged from that registered in the fourth quarter of last year.

The country’s industrial output posted steady growth in the same period, up by 6.5 percent

year-on-year, compared with 5.7 percent in the previous quarter, official data showed.

Fixed-asset investment growth was 6.3 percent in the first quarte

r, compared with 6.1 percent in the first two months, according to the NBS.

Retail sales increased by 8.3 percent year-on-year in the same pe

riod, compared with 8.2 percent in the first two months, the data showed.

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